Growth fears, China equity plunge haunts world stocks

10/03/2019

The bank indicated it would keep interest rates at historic lows at least until next year and potentially indefinitely and set out a new program to offer cheap loans to euro zone banks.

Chinese mainland markets were among Friday's worst performers, but the negative sentiment was also lingering over Japan and Hong Kong, with the Nikkei down 2.01 percent and the Hang Seng falling 1.91 percent. Global equities were lower after the European Central Bank stoked economic growth concerns.

Adding insult to injury, China's leading brokerage Citic Securities issued a rare "sell" rating on the Shanghai-listed shares of People's Insurance Group of China (PICC) sending them down nearly 10 percent.

USA stocks, which are in the midst of a mile recovery, took a beating following the deflating news from the European Central Bank.

The yen, a perceived safe haven, attracts demand in times of political tensions and market turmoil.

Investors who had been waiting for the jobs report to provide more clues on the state of the world's biggest economy were disappointed to learn USA nonfarm payrolls increased by 20,000 last month, trailing estimates for a 180,000 increase. There was also a chance the jobless rate could fall by more than forecast given the recent strength in employment.

The dollar index against a basket of six major currencies was a shade lower at 97.515.

The Japanese yen advanced 0.4 percent to 111.12 per dollar. This really shows why the European Central Bank made such a dovish decision by introducing the TLTROs, and at the same time, it cut the growth and inflation forecast. "That is not good news for euro area banks or the euro".

Gold and the dollar typically move in opposite directions.

United States jobs report data out Friday.

US crude was last down 35 cents at $56.31 a barrel, while Brent crude fell 49 cents to $65.81.

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He also said allegations of employees being dismissed without notice and instances of sexual harassment were unacceptable if true. Ashely is proposing to install himself as an executive to the retailer and he will step down from his current positions.

It said that the DfE's targets for widening participation among under-represented groups "lack ambition". However it concluded that there are "concerns about the long-term sustainability of the programme".

The parents also thanked her followers for their "love and positivity" during the times "when she needs it most". Later that day her sickness "swiftly escaated in sudden cardiac arrest", reported The Sun .

Press Association Sport understands Watford are monitoring the situation following reports they could also take action. City have claimed "the attempt to damage the club's reputation is organised and clear".

Kelly acknowledged in the interview that he had done "lots of things wrong" when it comes to women, but he said he had apologized. When King countered that there were "decades" of allegations against Kelly, Clary said, "We're not here to talk about decades".

One of the guards suffered a serious chest wound, while the second was slashed on the face and back, he added. French prisons have been fertile breeding grounds for the spreading of radical Islamist ideas.

It was an incredible result and one thing it showed up was the complete lack of backbone that PSG have. But we will be ready, everybody is thinking about Sunday's game already and we will give 100 per cent".

The subject of Serial is now the focal point of The Case Against Adnan Syed , a four-part HBO series directed by Amy Berg . Her account did not make it into the defense case, leading Syed to claim ineffective counsel for failing to contact her.

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